Going, going...
Folks, there's no Planet Money podcast today. We'll be back with a fresh episode on Monday.
But we do have a Planet Money indicator for you: 10. That's the number of days until the Citigroup Center's annual holiday train-a-palooza in Manhattan shuts down for good. Citigroup is in the middle of a mammoth round of cost-cutting. Depending on which employees you're talking about, the train show was worth at least a couple of salaries. Bloomberg does the numbers like this: a $45 billion government bailout and 52,000 layoffs planned at the bank, and a $240,000 savings by cutting the train show.
The exhibit has been a favorite of New York City schoolchildren, including mine. My family went to the show today, returning with the picture above and the video here. The audio's not great, but the announcer is saying, in part, that Citigroup's "situation has precluded" its sponsoring the exhibit next year.
Happy holidays. We'll catch you next week.
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